Taylor will chair committee meetings and disciplinary panel hearings and has a maximum tenure of nine years comprising of three three-year tenures.

CII head of legal and secretariat Rowan Paterson says: “Peter not only brings the obvious benefits of his extensive legal training and experience but also his insight into our disciplinary procedures, as he has already acted as a lay member of our appeal committee.”

Taylor says: “The CII exists to secure and justify the confidence of the public in insurance and financial planning sectors and the disciplinary committee clearly plays an important part in helping the CII meet this objective.”